On February 28, Nghi Son Refinery Co., Ltd. (NSRP) announced that Nghi Son Petrochemical Refinery (RFR) is ready for production. After more than four months of finalising the pipeline’s quality, NSRP has successfully passed three rounds of inspections and assessments of the overall quality and safety of the entire plant. $9 billion Nghi Son Refinrey is ready for operation This is an important milestone for the project as it can now begin receiving crude oil for processing.

The plant is an integrated petrochemical refinery with a capacity of up to 10 million tonnes per year and the most advanced technology in the world. According to NSRP’s deputy general director Dinh Van Ngoc, so far all the technical and mechanical issues of the plant have been handled and its quality is ensured. The NSRP project has triple the construction size than the country’s first refinery, Dung Quat Oil Refinery, and is kitted out with a range of modern technologies which are applied for the first time in Vietnam. In particular, NSRP boasts the most modern and advanced environmental treatment system in the world. NSRP’s leaders and the contractor signed milestone for plant’s operation Currently, NSRP has successfully completed 4,000 safe processes and passed the trial operation of more than 20 million safe hours of operation. The plant will officially manufacture the first Paraxylene product in mid-April 2018 and will produce A95 petrol and diesel oil of EURO 5 quality in May 2018. Speaking at the signing ceremony, Turki Al-Ajmi, NSRP’s general… [Read full story]

Nghi Son refinery and petrochemical complex’s preparations for its debut in the fourth quarter of 2017 have been completed, so the complex is in a rush to finish all minor remaining tasks for a perfect launch on time. Nghi Son refinery and petrochemical complex is located in Nghi Son Economic Zone in the central province of Thanh Hoa Nghi Son refinery and petrochemical complex is jointly invested by Vietnam Oil and Gas Group (PetroVietnam), Kuwait Petroleum International (KPI), Idemitsu Kosan Co., Ltd., and Mitsui Chemicals, Inc. The construction started in July 2013 and has been basically finished and handed over…... [read more]

The complex is expected to play a significant role in the province’s economic development as, once in operation, it is set to contribute about VND30 trillion (over US$1.32 billion) to the local budget annually, Chien told his guest. The secretary urged Japanese contractors to fast-track the project, stressing the need to also build a lake for treatment of effluent waters from refining to prevent pollution.He also asked Ono to introduce investment opportunities in Thanh Hoa to more Japanese investors with an emphasis on the fields of industry, seaport, transportation, and mining.The Japanese official, for his part, asked the provincial government…... [read more]

PetroVietnam, the investor of the $6.2 billion Nghi Son oil refinery, may be forced to reopen a key contract if a winning bidder cannot be found before July 12. The group initially planned to sign off on an engineering, procurement and construction (EPC) contract in the second quarter of this year. However, it has failed to find a suitable partner. PetroVietnam conducted negotiations with a consortium led by Japanese JGC Corporation, Japanese Chiyoda Corporation, French Technip SA, Korean SK Engineering and GS Engineering without result. A major cause was partners still waited for more favourable conditions from the Vietnamese government,…... [read more]